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Dollar's Days are Done on EUR/USD

By: Bradley C Smith
Today the Bollinger Bands are even wider, ready for more movement. Each of the other three indicator windows, Full Stochastic, StochRSI and RSI is ready for the EUR/USD pair see some upward movement. The two hardest hitting news forecasts for the 27th for this pair, when put together, bode well for the dollar's side of the pair.
More detail on the three hour chart reveals, a movement up, sooner during the 27th rather than later. Every window on both charts, all eight of them, has it's indicator line below the centerline. Most of the indicator lines are closer to the bottom rather than the centerline, trader sentiment is very likely to change on this pair.

10:00am est USD
New Home Sales Forecast 372K Previous 355K

2:15pm est USD
Federal Funds Rate Forecast <0.25% Previous <0.25%

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